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I take current crisis as an opportunity to bring about change people expect: President
Address by the President Gotabaya Rajapaksa to the newly appointed Ministers after the swearing-in of the new Cabinet: Today, I am addressing you at a time when the country is facing one of the most difficult and challenging economic, political, and socially decisive time in the history of Sri Lanka. Today, I have appointed new […]
Colombo Stock Brokers Association defends the decision by SEC to temporarily close down CSE
Colombo Stock Brokers Association (CSBA) defends the decision by the Securities and Exchange Commission of Sri Lanka (SEC) to temporarily close down the Colombo Stock Exchange (CSE) for 5 business days as a warranted measure, considering the prevailing economic crisis in the country as well as the disruptions faced by traders in conducting day to […]
17 new Cabinet Ministers sworn in before President
17 new Cabinet Ministers were sworn in before President Gotabaya Rajapaksa at the President’s House in Colombo, today (18). They are: Dinesh Gunawardena – Public Administration, Home Affairs, Provincial Councils and Local Government Douglas Devananda – Fisheries Dr. Ramesh Pathirana – Education, Plantation Industries Prasanna Ranatunga – Public Security, Tourism Dilum Amunugama – Transport, Industries […]
SEC directs CSE to temporarily close stock market; CCC requests SEC to reconsider decision
The Ceylon Chamber of Commerce requests the Chairman of the Securities and Exchange Commission to reconsider the decision to direct the CSE to temporarily close the stock market for a period of five business days commencing from 18th April. “This action will be seen by market participants as akin to the unsuccessful attempt made to […]
‘s debt default?
The economic crisis in Sri Lanka appears to be getting worse by the day. Sri Lanka’s government has been forced to default on its entire $51 billion of external debt. There’s been a shortage of food, fuel and schools had to cancel exams for a lack of paper.It’s all led to weeks of anti-government protests […]
BASL calls upon Govt to desist from taking any steps to disrupt peaceful protests
The Bar Association of Sri Lanka (BASL) calls upon the Government to desist from taking any steps whatsoever to disrupt what is a legitimate exercise of the freedom of dissent of the people. Issuing a statement, the association said that they received credible information from its members of a number of police trucks being moved […]
VIDEO: Why Elon Musk is offering to buy Twitter for USD 43 billion
Elon Musk offered to buy Twitter for USD 43 billion, saying he wants to turn the social media platform into the world’s “platform for free speech.”
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Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘C’ from ‘CC’. The issue ratings on foreign-currency bonds issued on international markets have also been downgraded to ‘C’ from ‘CC’. The Long-Term Local-Currency IDR has been affirmed at ‘CCC’ and the Country Ceiling at ‘B-‘. A full list of rating actions […]
Shamindra Marcelline receives CEO of the year 2022 award
Shamindra Marcelline, Chief Executive Officer of People’s Leasing & Finance has been bestowed with the award ‘CEO of the Year 2022’ from Sri Lanka Best Employer Brands Award 2022. The award, certified by the World Federation of Human Resources Professionals and endorsed by CHRO Asia, recognises leaders of organizations who have ‘contributed to the growth of […]
Sri Lanka suspends normal debt servicing; announces interim policy on servicing external debt
Sri Lanka’s government has suspended the normal debt servicing of all affected debts, for an interim period pending an orderly and consensual restructuring of those obligations in a manner consistent with an economic adjustment program supported by the IMF. Announcing an interim policy regarding the servicing of Sri Lanka’s external public debt, the Ministry of […]